This Insider Has Just Sold Shares In Everspin Technologies

Anyone interested in Everspin Technologies, Inc. (NASDAQ:MRAM) should probably be aware that the President, Sanjeev Aggarwal, recently divested US$373k worth of shares in the company, at an average price of US$19.08 each. On the bright side, that sale was only 6.1% of their holding, so we doubt it's very meaningful, on its own.

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The Last 12 Months Of Insider Transactions At Everspin Technologies

The insider, Lawrence Finch, made the biggest insider sale in the last 12 months. That single transaction was for US$7.1m worth of shares at a price of US$27.03 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$17.23. So it may not shed much light on insider confidence at current levels.

Insiders in Everspin Technologies didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Everspin Technologies

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Insider Ownership Of Everspin Technologies

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 3.5% of Everspin Technologies shares, worth about US$15m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Everspin Technologies Tell Us?

Insiders haven't bought Everspin Technologies stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Everspin Technologies. Every company has risks, and we've spotted 2 warning signs for Everspin Technologies you should know about.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.